People often use the term “priceless” to describe possessions that are too valuable to lose. But markets are pretty good at putting a price on “priceless” assets, and that process is under way at Rancho Guejito, the glittering environmental jewel of Southern California that is tucked into a hidden valley of North San Diego County.

Optimism is a great quality in a leader, and Arnold Schwarzenegger has it by the boatload. Our governor likes to declare that everything and everyone are “fantastic,” progress is always at hand, and all problems can be resolved with just a little good will and hard work.